• Prayers & Duties >> Zakat & Charity

    Question ID: 52052Country: Saudi Arabia

    Title: zakat

    Question: I want to ask about zakah, I have invested 2000000 in a company for business, is there zakah on this amount. And how much I have to pay zakah from this amount? Please, reply in the light of the holy Quran and Hadith.

    Answer ID: 52052

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 831/693/B=06/1435) Yes, it is necessary to pay fortieth part of the amount which is invested in the business as zakah. You will have to pay 50000/- as zakah of 20 lakh.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India